PENN PRAXIS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

FREDERICK STEINER

Phone

2155138719

Tax Period

2022-07-01 to 2023-06-30

PENN PRAXIS INC, founded in 2003, is a small nonprofit in the Education sector that reported $621K in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 157% operating deficit.

Mission

PENN PRAXIS SERVES TO FURTHER THE MISSION OF THE STUART WEITZMAN SCHOOL OF DESIGN IN THE FIELDS OF ARCHITECTURE, PLANNING, LANDSCAPE ARCHITECTURE, COMMUNITY DEVELOPMENT, FINE ART AND HISTORIC PRESERVATION. PENN PRAXIS IS A VEHICLE FOR CARRYING OUT PRACTICAL OR APPLIED PROJECTS FOR EXTERNAL CLIENTS. PENN PRAXIS SERVES TO PROVIDE OPPORTUNITIES FOR STUDENT AND FACULTY EDUCATION AND DEVELOPMENT, STRENGTHEN COMMUNITY TIES, AND PROVIDE SERVICE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,434,802 Revenue: $0

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS PENN PRAXIS OPERATES TO SUPPORT THE CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES OF THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ("PENN"). THE FOCUS OF PENN PRAXIS' ACTIVITIES ARE TO BROADEN AND ENRICH PENN'S ACADEMIC EXPERIENCE AND TO FURTHER THE MISSION OF THE STUART WEITZMAN SCHOOL OF DESIGN IN THE FIELDS OF ARCHITECTURE, PLANNING, LANDSCAPE ARCHITECTURE, COMMUNITY DEVELOPMENT, FINE ART AND HISTORIC PRESERVATION. IN ADDITION, PENN PRAXIS PROVIDES OPPORTUNITIES FOR STUDENT AND FACULTY EDUCATION AND DEVELOPMENT, STRENGTHENS COMMUNITY TIES, AND PROVIDES SERVICES TO THE COMMUNITY. IN THIS REGARD, THE OBJECTIVES OF PENN PRAXIS INCLUDE: OFFERING INCREASED AND ENHANCED EDUCATIONAL OPPORTUNITIES FOR FACULTY AND STUDENTS TO TEST IDEAS AND APPLY THEORIES THROUGH PRACTICAL PROJECTS; PROVIDING THE OPPORTUNITY FOR STUDENTS TO WORK COLLABORATIVELY WITH FACULTY, WHILE OFFERING FINANCIAL SUPPORT FOR STUDENTS DURING THEIR STUDIES; ENCOURAGING JOINT PROJECTS BY FACULTY ACROSS THE VARIOUS DISCIPLINES OF THE STUART WEITZMAN SCHOOL OF DESIGN, AS WELL AS PROMOTING COMMUNITY OUTREACH AND PROVIDING ASSISTANCE TO MEMBERS OF THE COMMUNITY WHO DO NOT HAVE ACCESS TO NORMAL PROFESSIONAL SERVICES OR WHO ARE UNABLE TO AFFORD THE FULL COST OF THOSE SERVICES. IN ADDITION, THE INVOLVEMENT OF PENN ADMINISTRATORS AND FACULTY WITH PENN PRAXIS IS EXPECTED TO RESULT IN THE DEVELOPMENT OF AN ENHANCED CURRICULUM AND TEACHING METHODS. AS PART OF ITS ACTIVITIES, PENN PRAXIS OPERATES TO SELECT AND MANAGE PROJECTS IN THE FIELDS OF ARCHITECTURE, PLANNING, LANDSCAPE ARCHITECTURE, COMMUNITY DEVELOPMENT, FINE ART, AND HISTORIC PRESERVATION. PROJECTS MAY COME THROUGH FACULTY MEMBERS, STUDENTS, OR BE PROPOSED BY COMMUNITY CLIENTS IN NEED OF SERVICES. ------------------------------

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $621,158

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $621,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,434,802

Other Expenses $1,594,226

TOTAL EXPENSES $1,594,226

Year-over-Year Comparison

	2022	2021	Change
Revenue	$621,158	$1,267,860	-0.5%
Expenses	$1,594,226	$1,637,066	0.0%
Net Income	$-973,068	$-369,206	+1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,217,628

Total Directors

$1,676,691

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK STEINER	CHAIRPERSON	1.0	Officer Director	$0	$52,024	$657,545
MARK DINGFIELD	DIRECTOR (AS OF 1/1/23)	1.0	Director	$0	$43,005	$459,063
LESLIE HURTIG	SECRETARY	1.0	Officer Director	$0	$38,876	$222,783
RANDALL MASON	FORMER EXEC. DIRECTOR	0.0		$0	$35,412	$220,511
ELLEN NIESES	EXEC. DIRECTOR	1.0	Officer Director	$0	$34,445	$185,655
CHRISTOPHER CATALDO	TREASURER	1.0	Officer Director	$0	$45,826	$151,645
GARLEN CAPITA	DIRECTOR	1.0	Director	$0	$0	$0
KIMBERLY C DRIGGINS	DIRECTOR	1.0	Director	$0	$0	$0
MASON HAUPT	OVERSEER REPRESENTATIVE	1.0	Director	$0	$0	$0
PATRICK MORGAN	DIRECTOR	1.0	Director	$0	$0	$0
MICHELLE WINN	OVERSEER REPRESENTATIVE	1.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$621,158	$1,594,226	$242,381	$-973,068
2022	$1,267,860	$1,637,066	$373,968	$-369,206
2021	$1,680,764	$1,535,398	$295,585	$145,366
2020	$1,471,973	$953,927	$178,508	$518,046
2019	$995,204	$1,077,503	$187,631	$-82,299
2018	$609,969	$710,659	$213,969	$-100,690